Data from Binance perfectly illustrates this. Sunday’s drop cleaned out the weak hands. Monday tried to retest but couldn’t break lower, especially on ETH, which barely closed red. Tuesday opened soft, dipped just below the prior day’s low, and then roared upward: the opposite of what a “dead cat” should do.
Instead of rolling over, both BTC and ETH printed new window highs, breaking through the resistance at $110,000.
Now, the market is watching whether BTC can keep $111,000-$112,000 as its intraday floor. If it slips below, all eyes turn straight back to $108,000.
If it manages to hold the line, $117,000 becomes the next magnet. For ETH, $4,000 is the level to beat: the psychological round number separating weakness from strength.
Tuesday’s rally doesn’t erase last week’s damage, but it does rewrite the short-term story. The cat that was supposed to die on second impact just proved it has nine lives.
